Agency Information Collection Activities; Proposals, Submissions, and Approvals

Federal Register: May 20, 2008 (Volume 73, Number 98)

Notices

Page 29178-29179

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr20my08-92

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment Request for Form 8804-C and TD 9394

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning

Form 8804-C, Certificate of Partner-Level Items to Reduce Section 1446

Withholding and TD 9394, Special Rules to Reduce Section 1446

Withholding.

DATES: Written comments should be received on or before July 21, 2008 to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal

Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington,

DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to R. Joseph

Durbala, (202) 622-3634, at Internal Revenue Service, room 6129, 1111

Constitution Avenue, NW., Washington, DC 20224, or through the Internet at RJoseph.Durbala@irs.gov.

SUPPLEMENTARY INFORMATION:

Title: Certificate of Partner-Level Items to Reduce Section 1446

Withholding.

OMB Number: 1545-1934.

Form Number: Form 8804-C.

Abstract: Form 8804-C will be a form a foreign partner would voluntary submit to the partnership if it chooses

Page 29179

to provide a certification that could reduce or eliminate the partnership's need to withhold 1446 tax.

Title: Special Rules to Reduce Section 1446 Withholding.

OMB Number: 1545-1934.

Form Number: TD 9394.

Abstract: This document contains final regulations regarding when a partnership may consider certain deductions and losses of a foreign partner to reduce or eliminate the partnership's obligation to pay withholding tax under section 1446 on effectively connected taxable income allocable under section 704 to such partner.

Current Actions: There is no change in the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only.

Type of Review: Extension of a currently approved collection.

Affected Public: Businesses and other for-profit organizations,

Individuals or Households, and Not-for-Profit Organizations.

Estimated Number of Respondents: 17,775.

Estimated Time per Respondent: 1 hour 2 minutes.

Estimated Total Annual Burden Hours: 18,168.

The following paragraph applies to all of the collections of information covered by this notice:

An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103.

Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record.

Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.

Approved: May 7, 2008.

Glenn P. Kirkland,

IRS Reports Clearance Officer.

FR Doc. E8-11180 Filed 5-19-08; 8:45 am

BILLING CODE 4830-01-P